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government loans six years ahead of time. the automakers made a big turnaround since its government bailout two years ago. of the 12 billion chrysler borrowed from taxpayers, $11.2 billion has been fully repaid. they are now forecasting 2011 earnings of as much as a half billion dollars. the company has cut costs of the jeep chrysler and dodge brands. >>> american express has been reporting big gains in the second quarter. revenue rose by 12%, exceeding analysts' expectations >>> the talking continues in washington, where president obama has now indicated he would back a short-term plan to raise the nation's debt ceiling and present financial default. the white house is pushing for a compromise that would cut the massive budget deficit, while increasing the borrowing power. and with its final mission complete, the space shuttle atlantis has secured its place in history. but with the space program now in question, thousands of nasa employees at kennedy space center will be laid off starting tomorrow. >> that's your money watch. for all of your business headlines, log onto money watch.com. in
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